Canada’s housing market shows ‘persistent regional splits'

Advertisement 1 This advertisement has not loaded yet, but your article continues below. Breadcrumb Trail Links HomeLifeHomesCondosNew Homes Canada’s housing market shows ‘persistent regional splits' RBC Economics report shows Edmonton and Calgary are showing declines in sales. Author of the article: By Joel Schlesinger  •  for the Calgary Herald Published Sep 24, 2026 Last updated 1 hour ago 1 minute read Join the conversation Edmonton and Calgary are showing a balance between sellers and buyers. PHOTO BY JIM WELLS /Postmedia Article content Canada’s housing market ended the summer showing diverse conditions across provinces and even within provincial markets like Ontario. RBC Economics recently published a report showing provinces like Ontario are experiencing “persistent regional splits,” revealing “mixed momentum” where one market is seeing improving conditions while another is mired in an ongoing slump, weighed down by economic uncertainty. Article content Article content Specifically, Toronto’s long-expected housing recovery faltered in August, as escalating trade threats from the United States created a cloud of uncertainty for buyers and sellers. Article content Article content Noon News Roundup Your weekday lunchtime roundup of curated links, news highlights, analysis and features. Sign Up By signing up you consent to receive the above newsletter from Postmedia Network Inc. Interested in more newsletters? Browse here. Article content Canada’s largest housing market saw its sales decline year over year in August. Article content Yet RBC noted the picture for Ottawa’s housing market is substantially different. The housing market in Canada’s capital continued to show its resiliency despite economic uncertainty. There, average prices edged upward in August, year over year. That is the first sign of growth since late 2025. Article content In British Columbia, Vancouver and the Fraser Valley have seen continued declines in average prices, though RBC noted that the downward trend is slowing. Still, the report stated the province’s market is the weakest of all resale markets in Canada despite sales increasing in August from July. Article content Resales and prices continue to fall year over year. Article content Calgary and Edmonton also experienced declining year-over-year sales. In Calgary, RBC noted condominiums account for much of the weakness in the market. In contrast, single-family detached homes have seen only slight sales…